The latest Clay Shaw Butler Money Matters column from the Carmarthenshire Herald
The latest Clay Shaw Butler Money Matters column from the Carmarthenshire Herald. By Mark Jones, director of Carmarthen-based Clay Shaw Butler chartered accountants and business consultants. The taxman at HMRC has revealed that 10.39 million Self Assessment tax returns were completed ahead of the 31 January deadline. This is more than 92% of the total returns expected, and 150,000 more than last year. More than 89% of taxpayers (9.24 million) filed their return electronically. An automatic £100 penalty applies to those who failed to file their return by 31 January 2016 midnight deadline. HMRC have also revealed the top 10 worst tax return excuses for 2014. They include: 'I had an argument with my wife and went to Italy for five years!' Ruth Owen, HMRC Director General of Personal Tax, said: “Untidy family members and hungry pets are very unlikely to be accepted as a legitimate excuse for completing your tax return late. “We understand that life can be unpredictable and for th...